Markets Wired

For consumers who are searching for love or already in a relationship, the Federal Trade Commission, the nation’s consumer protection agency, has information that may be particularly handy around Valentine’s Day.

Looking for love online?
Millions of Americans use online dating and social networking sites to meet people. But scammers also use these sites.  They look for targets of any age and in any location, whom they can convince to send money in the name of love.  The FTC encourages people active on dating sites to use their heads as well as their hearts, and to learn more about how to spot the signs of an online dating scam.

Sending flowers?
Flowers can say “I’m thinking of you” on Valentine’s Day, and your local florist is likely just a phone call away.  Or so you might think.  But some unscrupulous telemarketing firms pose as local florists, charging unsuspecting customers higher fees and taking business away from legitimate local businesses.  Consumers shopping for flowers around February 14 – or any time – should consider the consequences of dealing with a business in an undisclosed location and beware of hidden costs.

Checking Your Financial Compatibility?
Couples should never underestimate the importance of having a compatible approach to managing their finances.  They can test their “fiscal attraction” with this timely quiz.

The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. Watch a new video, How to File a Complaint, at ftc.gov/video to learn more. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by more than 1,800 civil and criminal law enforcement agencies in the U.S. and abroad.